BMS Group, an independent specialist insurance and reinsurance broker, has completed the acquisition of UK-based insurance broker David Roberts & Partners (DR&P).
Initially announced in July 2024, BMS Group has acquired DR&P from European mid-market private equity firm Inflexion.
John Page, CEO of DR&P, and Simon Bland, Managing Director, will continue in their roles. Page will report to Nick Cook, CEO of BMS Group, and join the group’s executive committee. DR&P and its subsidiaries will continue to operate under their current brands.
This acquisition strengthens BMS Group by adding a diverse team of experts, enhancing its ability to deliver tailored insurance and reinsurance solutions. It also expands BMS’s presence in the UK, particularly in the retail sector and specialty London markets. DR&P will benefit from enhanced data and analytics capabilities, as well as collaborative opportunities in areas where both companies excel.
Cook commented, “We are delighted to officially welcome DR&P to the BMS Group. The period leading up to the closure has demonstrated how culturally aligned both businesses are, which is the key consideration in our M&A strategy.
“We now look forward to the next phase, combining the expertise of both businesses and working collaboratively to enhance client service across territories and specialisms. John, Simon, and I have ambitious plans to deliver our shared vision ensuring our people, clients, and partners reap the benefits of this relationship.”
Page added, “Today marks a significant step for DR&P. We can now access new opportunities as part of a successful, independent global broking group. Our focus going forward will be on executing a transition strategy that continues to put client outcomes at the forefront of everything that we do.”
This marks BMS’s largest acquisition to date, creating a company managing more than £8 billion in gross written premiums.
The transaction was supported by BMS’s investors—Eurazeo, British Columbia Investment Management Corporation (BCI), and Preservation Capital Partners (PCP).
This follows BMS’ recent announcement last week to acquire Rasher, a specialist Surety and Corporate broker in Iberia and Latam.
BMS was advised by Macquarie Capital, PwC, Skadden Arps, and BMS Capital Advisory, while DR&P was advised by Hines, Deloitte, and DWF.
